Total amount raised
$300 Millions
Latest funding date
6/1/2022
Location
LeanTaaS has successfully raised significant funding over multiple rounds, attracting investments from prominent firms like Insight Partners and Goldman Sachs. The company leverages advanced data science to enhance the operational performance of hospitals and clinics.
Keep reading to explore the intricacies of LeanTaaS's fundraising journey and the investors backing this innovative platform.
What Is LeanTaaS?
LeanTaaS, founded in 2010 by Mohan Giridharadas, is headquartered in Santa Clara, California. The company specializes in AI-driven digital transformation for healthcare, focusing on optimizing hospital capacity and improving operational efficiency.
LeanTaaS offers software solutions that leverage advanced data science, predictive analytics, and lean principles to enhance the operational performance of hospitals and clinics. Their products include iQueue for Operating Rooms, iQueue for Infusion Centers, iQueue for Inpatient Flow, and Transformation as a Service.
With a team of 251-500 employees, LeanTaaS continues to innovate and provide valuable tools to healthcare providers, helping them maximize capacity, optimize staff utilization, and streamline patient throughput.
How Much Funding Has LeanTaaS Raised?
- Series A
- Amount Raised: $750K
- Date: May 2010
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: Initial funding to develop and launch the company's core products.
- Venture Round
- Amount Raised: $3M
- Date: October 2015
- Lead Investors: Sedgwick Claims Management Services
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand product offerings and market reach.
- Series B
- Amount Raised: $9M
- Date: July 2016
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance product development.
- Series B
- Amount Raised: Not publicly disclosed
- Date: March 2017
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further scale the company's operations and market presence.
- Series B
- Amount Raised: $26M
- Date: November 2017
- Lead Investors: Insight Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate growth and expand the customer base.
- Series C
- Amount Raised: $15M
- Date: November 2018
- Lead Investors: Insight Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance product capabilities and support market expansion.
- Venture Round
- Amount Raised: $14M
- Date: June 2019
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To continue product innovation and market penetration.
- Series C
- Amount Raised: $40M
- Date: December 2019
- Lead Investors: Goldman Sachs Merchant Banking Division
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand product offerings and scale the business.
- Series D
- Amount Raised: $130M
- Date: December 2020
- Lead Investors: Insight Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To invest in product suites, scale teams, and introduce new products.
Total Amount Raised: $237.75M
Current Valuation: Not publicly disclosed
Key Investors
- Insight Partners
- Details: Insight Partners is a leading global venture capital and private equity firm founded in 1995. They have invested in more than 400 companies worldwide.
- Investment Focus Areas: High-growth technology, software ScaleUp companies.
- Notable Investments: Twitter, Shopify, DocuSign.
- Goldman Sachs Merchant Banking Division
- Details: Founded in 1869, Goldman Sachs is a global investment banking, securities, and investment management firm. The Merchant Banking Division is the primary center for the firm’s long-term principal investing activity.
- Investment Focus Areas: Long-term principal investing, growth equity.
- Notable Investments: Uber, Spotify, WeWork.
- Sedgwick Claims Management Services
- Details: Sedgwick is a leading global provider of technology-enabled risk, benefits, and integrated business solutions. They offer a broad range of services to clients in various industries.
- Investment Focus Areas: Risk management, benefits administration, integrated business solutions.
- Notable Investments: Not publicly disclosed.
What's Next for LeanTaaS?
LeanTaaS stands at the cusp of significant growth opportunities, driven by the increasing demand for AI-driven solutions in healthcare. With their iQueue platform, they aim to optimize patient access, reduce wait times, and improve hospital revenues. The U.S. healthcare market, with its vast array of assets, presents a substantial opportunity for LeanTaaS to expand its footprint.
Future fundraising efforts are likely, given their strong track record and the need to scale operations further. Investors like Insight Partners and Goldman Sachs have shown continued interest, suggesting potential for additional rounds to support product development and market expansion. However, challenges such as managing complex healthcare dynamics and navigating regulatory environments remain. Ensuring scalability and maintaining deep partnerships will be crucial as they continue to grow.
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